How does MREC charge fees, and how affordable is the cost?

November 14, 2016

For most projects, after conducting an assessment of our client’s situation, MREC sets a flat fee to handle the project. It is not based on a percentage of anything, and the fee is paid to MREC in progress payments over the course of the work, usually directly from the project lender upon approval by our client. Our firm is never engaged by clients until we have shown and documented how the client can afford our fee can as part of the project budget. To help our clients make an informed decision, we also provide detailed project plans, timelines and line item budgets, which show our fee along with all of the other project and financing costs and contingencies. We encourage potential clients to enter a relationship with us based upon valid information and the anticipation of creating a win-win scenario.